---
title: "FTSE 100 reaches new high following takeover bid for Anglo American"
publisher: "Share Talk"
author: "sharetalk"
published: "2024-04-25T07:42:46+00:00"
modified: "2024-04-25T07:44:04+00:00"
date: 2024-04-25
canonical: "https://www.share-talk.com/ftse-100-reaches-new-high-following-takeover-bid-for-anglo-american/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Anglo American", "AstraZeneca", "Barclays", "BHP Group", "COPPER", "FTSE 100", "London", "miner", "Unilever"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# FTSE 100 reaches new high following takeover bid for Anglo American

**Published:** April 25, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Anglo American, AstraZeneca, Barclays, BHP Group, COPPER, FTSE 100, London, miner, Unilever
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&quality=89&ssl=1)

---

The FTSE 100 reached a new record high following a significant jump in Anglo American shares, spurred by a [takeover proposal](https://www.telegraph.co.uk/business/2024/04/25/bhp-plots-takeover-of-rival-mining-giant-anglo-american/) from BHP Group.

Anglo American’s shares climbed 12.7% to a nine-month peak after BHP announced its intention to acquire the London-listed miner, placing its value at £31.1 billion.

This acquisition would position the combined entity as the largest copper miner globally, controlling about 10% of the worldwide production. Despite this, BHP’s UK-listed shares dropped by 3.7%.

https://twitter.com/Share_Talk/status/1783399894864085455

Additionally, the FTSE 350 industrial metal miners index increased by 2.9%, and the elite FTSE 100 index rose by 0.7% to a new high of 8,098.14, while the mid-cap FTSE 250 declined by 0.6%.

In other market movements, AstraZeneca’s shares surged 5.7% after the pharmaceutical company reported quarterly revenues and profits that exceeded market expectations, driven by strong demand for its oncology and rare blood disorder treatments.

Unilever also saw a boost, with shares up 4.1% following a report of first-quarter sales growth of 4.4%, surpassing forecasts as it regained customers who had previously shifted to less expensive alternatives.

Barclays shares increased by 3.1% even though it reported a 12% decrease in first-quarter profits.

---

**Original URL:** https://www.share-talk.com/ftse-100-reaches-new-high-following-takeover-bid-for-anglo-american/
*Created by [WP Markdown Endpoint](https://wpmarkdownendpoint.com/)*